Kevin O’Leary flaunts his Louis Vuitton Labubu while hailing the resale market for collectibles—some of which are appreciating better than the S&P 500

(Credit: Roy Rochlin—Getty Images)

• Shark Tank star and multimillionaire investor Kevin O’Leary said collectibles could be an up-and-coming alternative market. The popularity of Labubu toys, one of which O’Leary owns, has shown the power of collectibles and has helped skyrocket the stock of their Chinese creator, Pop Mart. O’Leary pointed to sports cards as the next big thing, with between $380 million and $400 million worth trading monthly. 

Kevin O’Leary has his eyes on a new alternative market: collectibles.